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Feb 18, 2013
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it is part of the deal in exchange for raising the debt ceiling in 2011. the agreement was to find at least $1.5 trillion in deficit reduction over 10 years. as the deadline approaches again, republicans are looking to president obama to offer solutions. >> it was requested by the president. it was his idea, signed
it is part of the deal in exchange for raising the debt ceiling in 2011. the agreement was to find at least $1.5 trillion in deficit reduction over 10 years. as the deadline approaches again, republicans are looking to president obama to offer solutions. >> it was requested by the president. it was his idea, signed
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Feb 18, 2013
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part of the deal made with congress in exchange for raising the debt ceiling. then to find $1.2 trillion over 10 years. nondefense agencies will have to tighten spending by 9%. defense spending will take 13% hit for this fiscal year. some say the affects of the cuts are being exaggerated and some republicans have split opinions. >> there are many ways to do this but the president promised it wouldn't happen. he's the commander-in-chief. and on his watch, we're going to begin to unravel the finest military in the history of the world. >> the pentagon needs a thorough overhaul. i'm a hawk but i'm a cheap hawk. f 35 overrun problem, it is obscene and disgrace full and people will be demanding we fix the system. >> some federal watchers are saying the government agencies are putting out these outrageous cuts, these outrageous worst case scenarios to put public pressure on congress to come up with some sort of a deal. they do say the total amount of the budget cuts only amount to 3% of the federal budget. there's a subtext going on here. think maybe we should let se
part of the deal made with congress in exchange for raising the debt ceiling. then to find $1.2 trillion over 10 years. nondefense agencies will have to tighten spending by 9%. defense spending will take 13% hit for this fiscal year. some say the affects of the cuts are being exaggerated and some republicans have split opinions. >> there are many ways to do this but the president promised it wouldn't happen. he's the commander-in-chief. and on his watch, we're going to begin to unravel...
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Feb 18, 2013
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it is part of a deal made in exchange for raising the debt ceiling in 2011. $1.2 trillion over 10 years. now as the deadline approaches, republicans are looking to president obama to offer a workable solution. >> it was requested by the president. it was his idea. signed into law by him. >> what the president failed to mention was the sequester was his idea. >> that economists across the country tell us is needed to stabilize the debt over the next 10 years. >> reporter: the democratic proposals would reduce the budget cuts and replace those with tax hikes. republicans have said absolutely not. not going to go for more revenue since they feel they did enough in december. so you can really see the divisions here and not a lot of room for compromise. >> melanie, thank you. >> in other news this morning, it appears there will be a confirmation vote for chuck hagel as the next defense secretary of gop opponents stalled the former senator's bid and challenged past statements. votes on nuclear weapons and criticism of george w bush's administration. now those opponents and that includes senat
it is part of a deal made in exchange for raising the debt ceiling in 2011. $1.2 trillion over 10 years. now as the deadline approaches, republicans are looking to president obama to offer a workable solution. >> it was requested by the president. it was his idea. signed into law by him. >> what the president failed to mention was the sequester was his idea. >> that economists across the country tell us is needed to stabilize the debt over the next 10 years. >> reporter:...